Loss Mitigation

Foreclosure activity, up 98% year-over-year in November, “declined from last month, and lenders often put a moratorium on foreclosures during the holiday season,” according to ATTOM’s EVP of Market Intelligence, Rick Sharga.

HUD’s Office of Policy Development & Research held its quarterly meeting to discuss the increase in activity by large institutional investors who oversee more than 1,000 properties in HUD’s portfolio.

A new study examines the nation’s regions that were most vulnerable to market declines in the third quarter of 2022, based on home affordability and foreclosures.

Despite a higher interest rate environment and the ever-present inflation, consumer credit health remains stable.

Since the start of the GSEs' conservatorship nearly 14 years ago, approximately 40% of their foreclosure prevention actions have resulted in permanent loan modifications.

Nationwide, the overall delinquency rate dropped for the 18th consecutive month on an annual basis, as CoreLogic reports that approximately 1.4 million loans nationwide were in some stage of delinquency.

A new article from the Washington Post examines the government’s Homeowner Assistance Fund (HAF) and the speed at which these resources are reaching those in need.

According to the latest Quarterly Mortgage Bankers Performance Report, IMBs and mortgage subsidiaries of chartered banks reported a net loss of $624 on each loan they originated in Q3 of 2022, down from a reported loss of $82 per loan in Q2 of 2022.

DS News speaks to property preservation experts about how they’re navigating economic challenges, a shifting industry landscape, and an exodus of vendor partners as they attempt to maintain strong boots-on-the-ground service.

A new report from Realtor.com found that cumulative price growth of low-risk homes consistently outperformed the rate of high-risk homes, suggesting that flood risks are increasingly reflected in housing prices.